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2019 Q4 Multi Family Viewpoint Report Boston Colliers

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The Boston economy remained strong throughout 2019 and carries great momentum into 2020. Rental rates and condo sales continue to push boundaries and set new regional records in greater Boston. Multi-family success has been driven by a well-educated workforce and a growing population. Massachusetts is currently at 2.9% unemployment and wage growth is fueled by industry competition. Since 2010, Boston has added 1 new resident per hour to its population. These new residents are drawn in by the city’s premier higher education options and retained by diverse industries and job openings. This constant demand coupled with strong fundamentals have made Boston a top option for real estate investment. The city has been approving new residential projects at a rapid rate as Boston tries to keep up with the feverish demand for new residential units.

 

2019 Q4 MultiFamily Viewpoint Report Boston Colliers

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2019 Q4 MultiFamily Viewpoint Report Boston Colliers

2019 Q4 Multi Family Viewpoint Report Boston Colliers

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Aaron Jodka

National Director of Capital Markets Research

Boston

As Director of Research | U.S. Capital Markets, Aaron is responsible for all aspects of research within the Capital Markets platform. He synthesizes and interprets a variety of data and information to stay ahead of trends that put our clients in an optimal position to make informed decisions. Aaron promotes the Colliers brand via best-in-class research reports, weekly insight posts, thought leadership, and contributions to numerous panels, media outlets, and industry events.

Aaron collaborates with every team at the firm and wears many hats: in-house economist, advisor, consultant, thought leader, strategic business analyst, presenter, and, of course, researcher. He connects with various industry experts within the Colliers organization to provide a customized solution for each client.

With a deep understanding of markets throughout the country, he provides a unique perspective on market dynamics across asset types and investment strategies, providing clients with tailored data and analytics to ultimately guide decision-making solutions.

Before joining Colliers, he spent 11 years with Property & Portfolio Research (PPR), now CoStar Portfolio Strategy. There, he advised institutional clients on their commercial real estate investment strategies across property sectors and also spoke at industry events, quarterly CoStar webinars, and in front of client audiences. Aaron also led and directed a team of economists who monitored property markets across the United States. Near the end of his tenure, he helped establish a new business unit at CoStar, leading in the hiring, training, and coaching of a team of 50 market analysts. 

Outside of the office, Aaron can be found cheering on his children at their extracurricular activities. He also enjoys hiking, travel, relaxing at home or at the lake, or plugging away at one home project or another. Last but not least, he's an avid fan of Boston sports teams.

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